Reply to As schools near $100K/year when will that affect the pool of students?

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Reply to "As schools near $100K/year when will that affect the pool of students?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode. [/quote]

There will always be wealthy smart students who can afford the elite schools.  Just look at the elite HS in NYC where people pay $50K+/year.  Same for all the elite boarding schools in the Northeast.  People paying $75 k+ for a year of HS will have the money for college
[/quote]

Yeah, but this pool of people is not that large.  OP here and my kids go to a $50K private (on aid) in DC.  There are about 500 kids in DC who attend $50K schools and at least 1/3 are on aid.  So say 300 kids in DC who are paying $50K for high school (many of whom live in MD and VA). 
That's not a whole lot of kids.  It's only one city but ultimately there aren't that many boarding schools and other $50K high schools (plus the top boarding schools (Andover, Exeter, etc) have 50% of the kids on aid). 
Yes, there are a lot of rich people out there but the pool is not endless.    [/quote]

The threshold for aid at a private high school is very different from the thresholds colleges have. Private high school choose to spread out their aid to as many people as possible. Private colleges choose to give 40% of their class full rides (rarely do private hs give full rides) and have the rest be full pay.[/quote]

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